M&A Deal Summary

Flexport Acquires Shopify Logistics

On May 4, 2023, Flexport acquired transportation company Shopify Logistics from Shopify

Acquisition Highlights
  • This is Flexport’s 1st transaction in the Transportation sector.
  • This is Flexport’s 1st transaction in Canada.
  • This is Flexport’s 1st transaction in Ontario.

M&A Deal Summary
Date 2023-05-04
Target Shopify Logistics
Sector Transportation
Buyer(s) Flexport
Sellers(s) Shopify
Deal Type Divestiture

Target

Shopify Logistics

Ottawa, Ontario, Canada
Shopify Logistics is a provider of technology platform helps to plan, visualize and execute the movement of goods from manufacturer to the customer's store or door.

Search 201,292 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Flexport

San Francisco, California, United States
Category Company
Sector Internet Software and Services
DESCRIPTION

Flexport, Inc. is a cloud software and data analytics platform offering a full range of services, including ocean, air, truck and rail freight, drayage & cartage, warehousing, customs brokerage, financing, and insurance. Flexport is based in San Francisco, California.

DEAL STATS #
Overall 2 of 3
Sector (Transportation) 1 of 1
Type (Divestiture) 1 of 2
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-10 Crux Systems

Burlingame, California, United States

Crux Systems, Inc. is a provider of technology solutions for tracking ocean containers. This data informs supply chain planning by driving actionable insights that can reduce dwell times, demurrage fees, and hours spent tracking containers. Crux Systems was founded in 2014 and is based in Burlingame, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-02 Convoy - Technology Stack

Seattle, Washington, United States

Convoy's Technology Stack is a technology stack platform.

Buy -

Seller(S) 1

SELLER

Shopify

Ottawa, Ontario, Canada
Category Company
Founded 2004
Sector Internet Software and Services
Employees8,300
Revenue 7.1B USD (2023)
DESCRIPTION

Shopify is a provider of e-commerce software tools and solutions for small to large sized companies globally. Shopify was founded in 2004 and is based in Ottawa, Canada.

DEAL STATS #
Overall 1 of 2
Sector (Transportation) 1 of 1
Type (Divestiture) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-05 Deliverr

San Francisco, California, United States

Deliverr is a fulfillment technology provider. Deliverr’s logistics network delivers more than a million orders per month for thousands of merchants across the U.S. Deliverr was formed in 2017 and is headquartered in San Francisco, California.

Buy $2.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-20 Klaviyo

Boston, Massachusetts, United States

Klaviyo is a SaaS-based data and marketing platform that accelerates growth for companies by enabling them to leverage their owned marketing channels. Serving more than 265,000 companies worldwide, Klaviyo makes it easy to access, store, analyze, and use transactional and behavioral data to power highly targeted email and advertising campaigns. Klaviyo was founded in 2012 and is based in Boston, Massachusetts.

Sell -
Mergr

Product

Company

Legal